$FARM /USDT – Bulls Push Higher with Breakout Momentum

FARM has posted a strong bullish breakout on the 1-hour chart, spiking to $32.00 before easing back to $31.37. This surge followed a consolidation phase between $29.00 and $30.70, indicating a clear release of buying pressure.

Long Setup – Trade Plan:

Entry Zone: $31.20–$31.40 on slight pullbacks

Stop Loss: $30.60 (below breakout support)

Targets:

TP1: $32.00 (recent high)

TP2: $33.20 (extended breakout level)

Risk/Reward: ~1:2 when aiming for TP2

Trade Rationale:

A classic breakout from sideways consolidation with solid volume confirms bullish control. The sharp move higher shows buyers overpowering sellers, with minimal resistance until above $32. A clean retest of $31.20 could provide a low-risk entry for continuation.

Profit Outlook:

Moderate to high (~65–70%) if price stays above $30.60 and market sentiment remains favorable. Dropping below $31.00 could flip the breakout into a bull trap.